New Zealand's unemployment rate rose to 4.2 percent in the third quarter of 2019 from an 11-year low of 3.9 percent in the previous period, and above market expectations of 4.1 percent. Unemployment Rate in New Zealand averaged 5.98 percent from 1985 until 2019, reaching an all time high of 11.20 percent in the third quarter of 1991 and a record low of 3.30 percent in the fourth quarter of 2007. source: Statistics New Zealand

Unemployment Rate in New Zealand is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in New Zealand to stand at 4.20 in 12 months time. In the long-term, the New Zealand Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
New Zealand Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.20 3.90 11.20 3.30 1985 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-02-06 09:45 PM Q4 4.3% 4.0% 4.1% 4.4%
2019-04-30 10:45 PM Q1 4.2% 4.3% 4.2% 4.3%
2019-08-05 10:45 PM Q2 3.9% 4.2% 4.3% 4.2%
2019-11-05 09:45 PM Q3 4.2% 3.9% 4.1% 4%
2020-02-04 09:45 PM Q4 4.2% 4.4%


News Stream
2019-08-05
New Zealand Jobless Rate Falls to 11-Year Low
New Zealand's unemployment rate fell to 3.9 percent in the second quarter of 2019 from 4.2 percent in the previous period, compared to market expectations of 4.3 percent. That was the lowest jobless rate since the second quarter of 2008, when it was 3.8 percent.

2019-05-01
New Zealand Jobless Rate Falls to 4.2% in Q1
New Zealand's unemployment rate fell to 4.2 percent in the first quarter of 2019 from 4.3 percent in the previous period, matching market expectations and close to its 10-year low. The jobless rate dropped to a 10-year low of 4.0 percent in the quarter ending in September 2018.

2019-02-07
New Zealand Jobless Rate Rises to 4.3% in Q4
New Zealand's unemployment rate rose to 4.3 percent in the last quarter of 2018 from an upwardly revised 4.0 percent in the previous period and above market expectations of a 4.1 percent.


New Zealand Unemployment Rate
In New Zealand, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 3.90 11.20 3.30 percent [+]
Employed Persons 2641.00 2635.00 2641.00 1499.00 Thousand [+]
Unemployed Persons 115.00 108.00 189.00 69.00 Thousand [+]
Employment Change 0.20 0.80 2.50 -1.80 percent [+]
Labor Force Participation Rate 70.40 70.30 70.90 63.00 percent [+]
Labour Costs 1202.00 1193.00 1202.00 699.62 points [+]
Productivity 128.24 126.60 128.24 86.54 points [+]
Job Vacancies 193.10 192.54 196.57 55.20 points [+]
Wages 32.71 32.42 32.71 13.07 NZD/Hour [+]
Wages in Manufacturing 31.02 30.68 31.02 12.44 NZD/Hour [+]
Minimum Wages 17.70 16.50 17.70 10.25 NZD/Hour [+]
Population 4.93 4.84 4.93 2.37 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Youth Unemployment Rate 10.60 10.30 15.30 10.30 percent [+]
Part Time Employment 520.00 537.00 555.00 264.00 Thousand [+]
Employment Rate 67.50 67.50 68.00 56.40 percent [+]
Full Time Employment 2120.00 2147.00 2147.00 1177.00 Thousand [+]